The Forex market is the largest market on the planet, with over $5.5 TRILLION in average daily trades. This market includes governments and large corporate entities of all types. as well as millions of individuals, all investing daily.
However, whereas the large entities dominate the market (and the success rate), individuals investors have not fared as well. It has been said that from nearly half to nearly two-thirds of individual Forex investors fail. Why?
- New (aka newbie) Individual investors, who may lack time and money, may simply rely on a referral from another investor. Yet, if that investor has had any success using a particular software, will the newbie investor have the similar circumstances AND put in the same work ethic to possibly achieve the same results? Not likely.
- New investors may simply rely on searching one of the popular search engines to find a software program (aka robot) to manage their forex investments. Yet, does this newbie investor know how many other robots are out there? And of all of the robots available, which ones have longevity AND successful for investors? Not likely.
- If the newbie investor does not know of other robots to comparison shop, the odds are great he/she choose a software that will lose him/her money, since no comparison shopping was possible.
- Does this newbie investor, who perhaps does not have the time or know-how to search out all of the robots available, have the money to hire someone else to do their due diligence and find the right robot? You've guessed it, not likely!
- If the newbie investor, by chance has had a small measure of success (aka he made a little money back on his trades), how will he/she search for robots with a better return, or throw good money after bad and repeat the process? Very likely he/she will seek the course of least resistance, and use what they have versus seeking something better/new, and starting the entire search over again.
Given these factors, it come as no wonder why over half of individual investors are not successful forex investors.
There is a way YOU can buck this trend, possibly avoid failure, and succeed as a Forex investor.